124 enterprises, organizations and citizens have extracted 7710.9 kg of gold within the first ten months period of 2006 and sold to Mongol bank. The figure decreased by 5529.9 kg in comparison to the same period of last year. ‘Altan Dornod Mongolia’, ‘Monpolimet’, ‘Shijir Alt’, ‘Gatsuurt’ and ‘MGH’ companies were leading enterpises in amount of gold extraction. Mongol bank informed that 136 citizens have sold 472.1 kg of gold which is 1117.2 kg less than last year’s. (Unen)

SCU Victimis seek political asylum from the US

Savings and loan Credit Unions Victims wrote an application letter seeking political asylum and immigration to the US President and Plenipotentiary Ambassador of the US in Mongolia. The letter was written by over 160 families who are victims of ‘Contsruction and Development Fund’ SCU. It was mentioned in the letter that authorities are violating our rights stringently ignoring article 4.2.7 of the law on Civil servants, ‘Loss caused from fault of civil servant while he was performing his full authority will be recovered by the government’ and please grant immigrants’ right and political asylum for us. (Daily News)

It is possible to decrease loan interest rate by economic methodology: Ts.Nyamdorj

Ts. Nyamdorj, Parliament speaker and D. Lundeejantsan, Parliament Vice speaker, met with the A. Batsukh, Mongol Bank governor. A. Batsukh introduced about the progress of discussions on ‘Fundamental direction of monetary policy of Government in 2007’ and exchanged their views and comments. Parliament speaker recommends A.Batsukh to work hard on and pay attention to making the legal and judicial framework of the central bank, other banks and financial organizations advanced. Thus he advised that it is likely to decrease interest rates of loans in case of close cooperation with commercial banks and other organizations. (Centennial news)